Datavault AI’s Biconomy Mishap Warns Bitcoin Treasury Investors

Key Takeaways Datavault AI says it cannot withdraw 817.6 BTC from Biconomy, worth roughly $66 million at current prices. The company must revise four financial reports after failing to prove control over the bitcoin. Strategy does not publish proof of reserves or wallet addresses, leaving investors to trust its custody arrangements. On Oct. 26, tech […]

Bitcoin FOMC Hopes Hang in the Balance as Oil Surges and Ukraine Seeks Peace

Bitcoin recovered toward $81,000 as we prepared for FOMC latest interest rate decision. BTC bounced nearly 2% during the rebound, but persistent inflation concerns and uncertainty over future rate hikes continue to complicate its outlook. Bitcoin now faces two additional macroeconomic forces. Oil prices surged above $115 per barrel after renewed supply concerns in the […]

The data center boom has an upside: innovation for the US grid

The AI boom has led to a gargantuan surge in energy demand across the country. Critics say this upswell in connections is enacting a stress test on America’s aging grid infrastructure. Worries abound that, in the short term, the energy crunch could lead to surging electrical bills and, in the long term, may eventually lead […]

Bitcoin Heads for Another October Loss as Demand Weakens

Buying has slowed, and short-term holders’ paper profits have fallen since September. Bitcoin (BTC) is on track for its second consecutive losing October, down 3.3% as of October 28. According to a recent CryptoQuant report, BTC traded near $81,350, down from its September closing price of $83,570. Historically, that’s a sharp change from October’s […]

Samsung May Cut Production of 10 Million Galaxy Phones

Samsung reportedly plans to cut Galaxy A production by 20% as memory costs rise. Here’s what the potential cuts mean for phone prices and buyers. The post Samsung May Cut Production of 10 Million Galaxy Phones appeared first on TechRepublic. Source link

Bithumb Confirms Breach as Hackers Hit 3 South Korean Financial Firms

Key Takeaways Bithumb found unauthorized access to its groupware on Oct. 27 and is checking whether customer data leaked. Daishin Securities said data on 38,490 customers leaked, while Mirae Asset also reported a hacking incident. South Korea’s Financial Supervisory Service is investigating, and no theft of funds has been reported. What Bithumb Disclosed According to […]

Ripple has a national trust bank. RLUSD still has a different issuer

Ripple has said its proposed national trust bank received final federal approval on October 26, giving the company a federally supervised institution to manage the assets behind RLUSD. The stablecoin will still be issued by Standard Custody & Trust Company, a separate Ripple subsidiary supervised by New York state. One token, two affiliated institutions and […]

Bridging Crypto, Stocks, Indices, and Commodities

Trading across different financial markets often means switching between platforms to access cryptocurrencies, stocks, indices, and commodities. Although some platforms offer access to multiple asset classes, traders sometimes find themselves managing different accounts and moving between different interfaces to trade their preferred markets. Having access to these markets from a single platform can make the […]

AI Emergency Alerts Are Coming. Humans Might Not Be Ready

EM1 has contracts with around a hundred government agencies and school districts, but none are using it to automate their extreme weather alerts just yet. For the moment, they’re only using it to workshop plans and internal preparations. Even so, all the experts interviewed for this story said they are certain that many emergency managers […]